Alternate Job Titles: Letter of Credit Officer, Letters of Credit Officer
How much does a Letter of Credit Officer make? The median annual Letter of Credit Officer salary is $54,456, as of November 30, 2016, with a range usually between $42,768-$64,465, however this can vary widely depending on a variety of factors. Our team of Certified Compensation Professionals has analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to present this range of annual salaries for people with the job title Letter of Credit Officer in the United States.
This chart describes the expected percentage of people who perform the job of Letter of Credit Officer in the United States that make less than that annual salary. For example the median expected annual pay for a typical Letter of Credit Officer in the United States is $54,456, so 50% of the people who perform the job of Letter of Credit Officer in the United States are expected to make less than $54,456.
This chart describes the expected percentage of people who perform the job of Letter of Credit Officer that make less than that salary. For example 50% of the people who perform the job of Letter of Credit Officer are expected to make less than the median.
Source: HR Reported data as of December 2016
Obtains necessary information to process and complete letters of credit and related financial transactions. Verifies all documentation for accuracy and completeness. Ensures all credit data is evaluated and adheres to bank policies and procedures in order to approve or deny applications. Provides support to lending officers and trade specialists. May require a bachelor's degree in area of specialty and 2-4 years of experience in the field or in a related area. Familiar with a variety of the field's concepts, practices, and procedures. Relies on experience and judgment to plan and accomplish goals. Performs a variety of tasks. May lead and direct the work of others. A wide degree of creativity and latitude is expected. Typically reports to a manager or head of a unit/department. View full job description